Increasing use of melamine formaldehyde in automotive manufacturing contributes to overall growth in the global melamine formaldehyde market. The building & construction sector, automotive market, and packaging market have seen growth or resurgence that has contributed to projected increase in the world-wide market for melamine formaldehyde. Melamine formaldehyde resins are thermally resistant due to which adhesives which are manufactured from melamine formaldehyde offer diverse advantages which contribute to the consumer product value.

The demand for melamine formaldehyde has recently slowed down due to its carcinogenic effects. However, the U.S. government has passed certain regulations that have mitigated the threat associated with melamine formaldehyde, which has thereby helped the melamine formaldehyde market to grow.

The melamine formaldehyde demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments & expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.

The global market value of the melamine formaldehyde was estimated to be about $2.7 Billion in 2014 and is projected to reach $4.4 Billion by 2019, at a CAGR of 9.9% between 2014 and 2019. The primary raw material of melamine formaldehyde has more thermal resistance that enables melamine formaldehyde to have characteristics such as more chemical resistance, adhesion strength, wettability, and others.

Melamine based coatings are used for enhancing the aesthetics and durability of wood. Also, its molding compounds make the surface durable and have characteristics such as hardness, heat resistance, and chemical resistance, which make it suitable for manufacturing wiring devices, and serving trays.

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